gold up, page-2

Au is at AUD 1510 per oz ATM.

I recall CGT plays being deemed profitable some time back at AUD1000 per oz or there abouts .... and this is still the case.

At AUD 1500/oz I would suggest that most of the underperforming LGL target zones would be profitable...so I can't fully understand the market bearishness.

The difference (around $500) could be seen profit (before tax) .... however I expect that the company will put assign a high proportion of the surplus into getting other digs up and going.



cheers